Gleneagle Capital Limited - Filleted accounts

Registered number

11002937

Gleneagle Capital Limited

Unaudited Filleted Accounts

31 October 2025

Gleneagle Capital Limited
Registered number:		11002937
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		26,004			28,569

Current assets
Debtors	4	61,234			36,558

Creditors: amounts falling due within one year	5	(86,338)			(44,223)

Net current liabilities			(25,104)			(7,665)

Total assets less current liabilities			900			20,904

Creditors: amounts falling due after more than one year	6		-			(20,273)

Provisions for liabilities			(395)			(368)


Net assets			505			263

Capital and reserves
Called up share capital			100			100
Profit and loss account			405			163

Shareholder's funds			505			263

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Kirpal Kalsi
Director
Approved by the board on 22 July 2026

Gleneagle Capital Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer and office equipment			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
								Plant and machinery
£
	Cost
	At 1 November 2024							33,905
	Additions							628
	At 31 October 2025							34,533

	Depreciation
	At 1 November 2024							5,336
	Charge for the year							3,193
	At 31 October 2025							8,529

	Net book value
	At 31 October 2025							26,004
	At 31 October 2024							28,569


4	Debtors					2025		2024
£							£

	Trade debtors					1,800		2,670
	Short term loan					5,100		7,100
	Directors account					51,551		26,775
	Other debtors					2,783		13
						61,234		36,558


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					52,383		12,341
	Trade creditors					440		240
	Taxation and social security costs					33,515		29,952
	Other creditors					-		1,690
						86,338		44,223


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		20,273


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr KS Kalsi
	Short term loan	26,775		51,551		(26,775)		51,551

		26,775		51,551		(26,775)		51,551


8	Other information

	Gleneagle Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit A, Farriers Courtyard
	Spelmonden Road
	Goudhurst
	Cranbrook
	TN17 1HE